FinTwit's going nuts: https://twitter.com/search?q=Evergrande&src=typed_query
"WHY ARE WE WATCHING FOOTBALL WHEN EVERGRANDE IS IMPLODING"
Good video clip on it: https://twitter.com/Reuters/status/1439811556792049674?s=19
$305 billion AUM. China is staring down their own 2008 Great Recession event. If the commies don't bail this bank out (lol), the Eastern world's economy is FUBAR.
Remember Michael Burry, the neurodivergent guy from The Big Short who made boatloads of cash from predicting the housing CDO bubble? Here's what he's saying
Bad news for the global economy, good for Dramacoin
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I’m riddled with shame. White shame. This isn’t helpful to me or to anyone, especially people of color. I feel like there is no “me” outside of my white/upper middle class/cisgender identity. I feel like my literal existence hurts people, like I’m always taking up space that should belong to someone else.
Snapshots:
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Too many words, explain in drama terms.
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(You)
Remember 2008 when USA bank go boom-boom? That happen in China soon. Bank go boom-boom (bad 4 money & stuff)
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thank
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Grug like bank go boom-boom
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Be the change that you want to see in the world 🤗
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what are grugs thoughts on monke and a return to such
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Grug like monke, return good
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also should be mentioned that the main form of investment in china was buying real estate
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So you're saying the commies are all secretly landlords?
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Will this trigger the long overdue bubble-pop stateside?
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Which bubble
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I would assume real estate investment.
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Economy bubble
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Are my dramacoins safe?
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Not necessarily. Send them over to me and I'll wash them, you'll get em back future-proof
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Done. Look forward to your response.
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Can you trim my dramacoin for me as well?
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dramacoin laundry?
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invest in awards, they have an actual use and are likely to go up in price once dramacoin inflation gets worse
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I hope they nationalise everything and start Red Scare round II.
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Remember how twisted the panties of prehistoric Chapos got when we bailed out Lehman Brothers? This time, it's the actual Communist Party of China making that decision. This is gonna get real interesting.
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And the CCP is doing it for Chinese landlords, Maoists BTFO'd
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Swallow subsidies next
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Many such cases
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SAD!
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This guy gets it
https://i.ibb.co/BZQwvFN/d23eb1927416.webp
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as opposed to what? Smugposting on Twitter? That'll help
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Patrician multitaskers can watch football and get drunk while watching the world burn
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it's called picture-in-picture and I paid good money for it back in 2005
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I used to play Resident Evil 4 in Picture in Picture so that way i wouldn’t be as scared
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the guy is a meme account
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It's unironically patriotic to take the hit to your investment accounts (imagine not having five figures of cash minimum at all times to avoid having to sell stock ever) in order to frick over China
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I sold before all of this hit kek
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oh no no no no no
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Today BABA dropped more than a leveraged ETF did. I don't get how people still buy into these pump and dump schemes. SoftBank bought into DiDi for... some reason.
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I think china as a whole isn’t going to die. It may suck, but they’ll pull through, having an actual real economy and choosing to pull the plug now. Hopefully it’ll be funny though.
Aren’t they intentionally not bailing out evergrande? (Property developer not bank). I hope they don’t and everyone who bought the shit has to suffer.
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https://google.com/amp/s/mobile.reuters.com/article/amp/idCNL4N2QG1T9 notes that China doesn’t have much reason to bail them out and that it’ll just be a real estate + bank sector problem probably. idk
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The ex-Citi trader guy they quoted as saying "yeah it's nbd" also tweeted this Evergrande is an economic time bomb. And TIL:
Holy Mother of red flags for an overdue market correction. What the frick, China
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again it’s nbd for “great depression again but worse” but bad if you’re heavily exposed to Chinese real estate and friends
and ghost cities are fine. A lot of them end up filling up, massive residential buildings need to start empty, and China’s goal here is a correction
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Do a bit of reading up on these ghost cities. Buildings that are only a few years old are already crumbling to dust because the building standards were so shoddy. A lot of the property is worthless.
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Chinas ghost cities are finally stirring to life https://bloomberg.com/news/features/2021-09-01/chinese-ghost-cities-2021-binhai-zhengdong-new-districts-fill-up
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Yeah, I ain't trusting any of those buildings to be safe. The construction industry is already dodgy here in Australia, China's would be 1000x worse. Enjoy your dust piles down the track.
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sure maybe their buildings have higher collapse rate of America’s. that’s not a ghost city though and they still work fine
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Part may be due to not actually being used enough. Things go south real fast especially on large buildings if they're not maintained.
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They literally just keep building shit so they can meet the central parties growth rates lmao
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this is literally happening because the central party is done backing them and is letting them fail on their own, as that Reuters article explains, cute twink
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The ccp is responsible for their shit housing market at the end of the day and they link letting the most cancerous developer collapse will save the rest of their economy. Theyre the 2nd largest developer in the country so we'll see how this goes for them lol
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They're playing chicken then. If Evergrande defaults, what then? "Oh yeah our economy collapsed but we really taught those guys a lesson, didn't we!"
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Based CCP tbqh
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Reminds me of this
from last year: https://twitter.com/cnbc/status/1248669571441209346
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this is a good example of hegels master-slave dialectic, the master being the one who is ready to risk his life more. this xi guy is alright
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wtf I love the CCP???
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Economy isnt real, its just a social construct and only economy majors care about that gay shit
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Imagine reading journo drivel when you can get some dramachads informed opinion
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Please no, I have heard that ghost cities are filling up and it is all western propaganda. They have moved universities to those towns so that those cities can grow.
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But what if it causes a domino effect that pops the Chinese real-estate bubble and collapses the economy?
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Chinks are being weird man. They killed their steel exports cause muhh climate change. Which realistically we all know couldn't be the reason, Chinks know that the industry will just go to Vietnam or India and total global carbon emissions will remain the same. If anything being wealthier they could enact pollution control measures India/Vietnam can't/won't. There's been supply side issues with stuff like fertilizer that made them enact export bans, thing is CCPs the only major economy left basically completely unaffected by coof so if the others aren't suffering supply issues with months of factory shutdowns I see no reason why China should. They're shutting down $100B industries with zero notice, cucking massive figureheads like Ma publicly, its genuinely like they want to go back to Mao's period.
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CCP doesn't like business leaders acting as a competing center of power.
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How do I profit from this?
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The only relevant question at this time.
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Invest in dramacoin.
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If you're hearing it first on r/Drama after it was all over Twitter, Wall St. probably already beat ya to it.
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I'm still trying to figure out how the superstonk r-slurs think this is going to trigger GME to MOASS.
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they think reverse repo means that banks lack liquidity so that it going up = MOASS. Also something about ComputerShare
I mentioned it on another post but GME's basically a quant playground and tends to just do whatever it wants. It only had a 6% drop today, which by GME standards is just a slight hiccup of a day.
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The SCMP was running articles about evergrandes inevitable collapse last Monday.
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Darn, you caught it early. Do you work in the Asian markets?
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No I just read the South China Morning Post.
https://scmp.com/business/markets/article/3148457/china-evergrandes-restructuring-quasi-unavoidable-amid-distress
8 days ago. I guess that’s not quite missing debt payments. But it’s distress has been in the news.
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Fintwit's been talking about Evergrande for a little while. The post from InArteCarloDoss or whoever isn't his first on the matter. There was also that conspiracy theory about Tether being backed by Evergrande commercial paper.
When the bond yields spiked to like 50% or whatever, a bunch of people took notice
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buy longs on the company that manufactures anti-suicide nets
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Start a chinese rope manufacturing company
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But how to stop workers from necking with your own product long enough to establish market share?
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Use Uighur labor. Suicide sends them to Jahanam
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Offer glorious leader Xi your bussy to take out his frustration upon in exchange for North Korea.
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Defense industry lol, if the economy explodes Xi is either going to invade Taiwan or India to not get walled.
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hope you're right
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R-slurs take their investing advice from wsb, real investors go to rdrama.net
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Absolute mad lad. I want to check in a month to see if this would have actually made money, lmao.
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china doesn't really have a history of invasions tho
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Except for invading Vietnam Tibet and India lol
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unironically buy the dip. timing the market gets memed on but theres gonna be a serious crash in the near future
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wat to buy though? 🤔
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Some chinese
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some index fund. checking on your stocks every day is no better than a middle aged woman playing candy crush
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Just get in the money LEAPS on an index fund and go as far out as you possibly can. Just get a strike that doesn’t have some atrocious spread and go off that. I have an “emergency stock” fund just sitting there waiting for time when the market looks like it’s on fire.
We’ve had bear markets before, sure, but modern economic theory is here for the foreseeable future in the west; we’re gonna just have constant inflation for the indefinite future. Might as well ride it.
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Chink company. It is very risky
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So when's the bottom of the dip? Might have to... time the market
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Well if you want to gamble there are probably places to short various china exposed markets. But I wouldn't call it free money. Can't ever count on the chinamen not pulling something out of their asses.
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Find the trading partners of Chinese construction companies that seem particularly vulnerable to a down turn in Chinese construction. And then short sell them.
Like this - https://nasdaq.com/market-activity/stocks/cat/real-time
Now that's already being done. So you're gonna need to double down. Be like "it's not just these one motherlovers, all of China's gonna Titanic in this b-word."
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buy puts before the next opex unwind, buy index calls in a bit, sell some puts on low margin stocks ~weds/thurs
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